South Africa's new normal — permanent power cuts
South African companies are facing what retailer Pick n Pay Stores Ltd. has just called “a permanent new reality” — electricity shortages. The related costs are weighing heavily.
During a year that’s seen the worst national power cuts on record, the country’s biggest food retailers have increased investment in standby generators, rooftop solar panels and refrigerated trailer trucks.
[Bloomberg]
South African companies are facing what retailer Pick n Pay Stores Ltd. has just called “a permanent new reality” — electricity shortages. The related costs are weighing heavily.
During a year that’s seen the worst national power cuts on record, the country’s biggest food retailers have increased investment in standby generators, rooftop solar panels and refrigerated trailer trucks.
[Bloomberg]